If that’s going to be the case, then we could see gold suffer a little bit but ultimately, I do think in the longer term the trend in the gold market is still very much intact. We pierced the $2,400 level during the trading session but did pull back a bit. But the most important thing I […]

The AUD/JPY cross attracts some dip-buying near the 94.70 region during the Asian session on Thursday and stalls its modest retracement slide from the weekly high touched the previous day. Spot prices, however, struggle to capitalize on the momentum and currently trade with only modest intraday gains, around the 96.00 round-figure mark.The Australian Dollar (AUD) […]

Key Takeaways Binance recovered over $73 million in stolen funds by July 31 this year. Blockchain technology aids Binance in securing funds from external thefts. Binance has successfully recovered and frozen over $73 million in user funds from external hacks as of July 31 this year. This amount surpasses the $55 million secured throughout 2023. […]

ASX: ASX LIMITED – ASX  Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) ASX LIMITED – ASX . We see that ASX Limited has just completed wave ((ii))-navy, and wave ((iii))-navy is returning to push higher.ASX: ASX LIMITED – ASX  Elliott Wave Technical Analysis  ASX: ASX LIMITED – ASX  1D Chart (Semilog Scale) AnalysisFunction: Major (Minor degree, gray)  Mode: Motive  Structure: Impulse  Position: Wave ((iii))-navy of Wave 3-grey   Details: Wave ((ii))-navy appears to have bottomed, and wave ((iii))-navy is unfolding to push higher, while price must remain above the 61.06 low to maintain this view. Invalidation point: 61.06ASX: ASX LIMITED – ASX  Elliott Wave Technical Analysis TradingLounge (4-Hour Chart)ASX: ASX LIMITED – ASX  Elliott Wave Technical Analysis ASX: ASX LIMITED – ASX  4-Hour Chart AnalysisFunction: Major Trend (Minute degree, navy)  Mode: Motive   Structure: Impulse  Position: Wave (i)-orange of Wave ((ii))-navy Details: Wave ((ii))-navy just ended at the low of 61.06. Now wave ((iii))-navy is opening to push higher, it is subdividing into wave (i)-orange, it has pushed quite high, so it will end soon, and wave (ii)-orange will open after that. Finally wave (iii)-orange will come back to push higher. I will watch ASX Limited for Long Trade Setup. Invalidation point: 61.06Conclusion:Our analysis, forecast of contextual trends, and short-term outlook for ASX: ASX LIMITED – ASX  aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation)More By This Author:Comprehensive Elliott […]

The overall fiscal position has improved slightly in Hungary with a surplus in July. However, economic activity remains weak and this poses an upside risk to the 4.5% deficit target. We’re maintaining our call for an end-year deficit in the range of 4.5-5.0% of GDP.The monthly budget surplus was HUF213bn in July, bringing the year-to-date general government […]